@Tlticamara, The whole process is expected to be very short ie within 1 month period. The takeover offer documents will be posted to you within 21 days from 10/11/2023. Once you received the documents , sign the acceptance form and have it returned. You will be paid in full within 10 days from receiving your acceptance form.
Tlticamara wrote on 10/11/2023 : How long will this take over process takes?
Thanks for this information. Mabel is happy to see that Mabel's KLK will benefit from the Scenario 2.
Ownership Name Shares Current Value Change % Portfolio % 57.42% Boustead Holdings Berhad 1,286,135,900 RM2.0b 0% no data 10.59% Lembaga Tabung Angkatan Tentera 237,206,100 RM362.9m 0% 16.61% 3.09% Kuala Lumpur Kepong Berhad 69,291,700 RM106.0m 0% no data
@calvintaneng This is the answer I got from Mohammad Asraf: Good day and thank you for your intended acceptance.
To accept the Offer, please kindly wait for the Offer Document (together with the Form of Acceptance and Transfer ( Form of Acceptance) which will be despatched to you on 1 Dec 2023.
Once obtained, please fill in, complete and sign the Form of Acceptance, and also execute the Bursa Depository Transfer of Securities Request Form (FTF010 Form) which can be obtained from your remisier / stockbroking form. Your remisier / stockbroker will be able to guide you on this process too. Thereafter, please submit the completed Form of Acceptance & FTF010 Form to the Share Registrar office no later than the first closing date of 22 Dec 2023. We will further advise on the Share Registrar details once appointed.
Take note that payment will be made to you within 10 calendar days from date of valid acceptance received.
I sold all remaining 6k of my BPlant @1.54 yesterday (queued for 2 days to get matched at 16:64）, I can forgo the RM60 extra + RM20 transaction costs to get my money back earlier and reinvest the fund somewhere else.
India is the largest importer of Malaysia’s CPO and they really need our help as Shah Rukh Khan, Amitabh Bachchan, Aamir Khan, Salman Khan, Kajol, Priyanka Chopra, Deepika Padukone etc needs help urgently. Their Capati and Tossie does not taste the same without Mabel Oil.
Right now Malaysia can only be able to export about four million tonnes to the country. Sarawak, please work harder, we need to increase another 2 million tonnes.
Mabel Oil Production: MPOA 1-20 October 2023 Peninsular Malaysia: (+) 4.83% Sabah: (+) 4.26% Sarawak: (-) 0.54% East Malaysia: (+) 2.99% Total Malaysia: (+) 4.14%
BPlant – I am accepting the GO offer as it is at a fantastic price. I recently received the Offer Notification for my BPlant shares. I bought the shares years ago and started selling in middle of the year when the share price started to go up. At that juncture, I did not have any idea that it was going to be taken over by KLK. Anyway, by the time KLK announced the takeover at RM 1.55 per share, I already had sold off more than 90% of them. Yes, I left lots of money on the table. Then came the termination of the sale and the subsequent offer by LTAT to buy the shares at the same price of RM 1.55 per share. I am of course accepting the offer. It is not just because the offer price is above BPlant NTA or that the listing status would not be maintained. It is because it is a fantastic price given the earnings power of BPlant. If you look at the history of BPlant, a very significant part of the earnings was from land sale and not the plantation operations. • From 2013 to 2020, the Group achieved RM 1.1 billion of PAT. Over this period the gain from the disposal of land and securities amounted to RM 1.2 billion. The plantation operations incurred cumulative losses for the period. • Of the 2022 PBT of RM 729 million, RM 459 million came from asset sale.
Assuming a PE of 15, the company would have to generate an EPS of RM 0.10 per share yearly from the operations to justify the price. Do you think that the company would be able to do so give the poor track record over the past 10 years. They will have to work very hard or find another buyer. I think we shareholders are very lucky to have this offer. For my insights into BPlant refer to my blog or read this https://focusmalaysia.my/boustead-plantation-is-the-company-really-in-the-plantation-biz/
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